Alder

About Alder

Alder AB is an independent Swedish growth-equity manager headquartered in Stockholm at Sturegatan 34. The firm was founded in 2008 by a team with prior operational and investment experience in resource-efficient industrial technology, operating as an independent partnership unaffiliated with any banking, family-office or industrial sponsor. The firm has cumulatively raised approximately SEK 8.4 billion across three institutional vehicles since inception (approximately €0.8 to €0.9 billion at end-2024 rates), positioning Alder in the mid-cap Nordic specialist tier. Three closed-ended funds anchor the platform: Alder Fund I (2010 vintage, fully realised), Alder Fund II (2018 vintage) and Alder Fund III (2023 vintage, the latest flagship at SEK 3.1 billion). The firm targets majority ownership and operates with a sustainability-oriented sector mandate framed around technology companies that enable more resource-efficient industrial systems. The active portfolio currently numbers twelve companies across industrial filtration, gas detection, automation, vehicle intelligence, optical inspection, environmental services, combustion control and precision manufacturing.

Investment thesis

Alder pursues a specialist buyout and growth-capital strategy with majority ownership preference, targeting profitable lower mid-market Nordic and DACH technology businesses in the SEK 100 to 750 million revenue range. Ticket sizes typically run €10 to €75 million per platform investment, allowing the firm to lead control transactions and family-led successions in the lower mid-market while reserving capacity for selective bolt-on acquisitions to scale platforms. Sector focus is concentrated and thematic, spanning industrial cleantech, resource-efficient manufacturing, emissions and air filtration, gas detection and monitoring, smart energy, circular-economy industrial services and automation enabling factory efficiency. Geography spans the five Nordic countries plus Germany, Austria and Switzerland under Fund II and III mandates. The limited partner base draws from Nordic pension funds, fund-of-funds and selective international LPs attracted to the sustainability angle. Value creation rests on operational engagement, internationalisation, talent recruitment and ESG measurement.

Recent activity

Recent investments include CitiSafe in industrial safety (2026), Sustainable Intelligence in building automation, 3Button Group in industrial automation and robotics, and eivis in food-industry optical inspection. Notable exits include Gasmet Technologies in gas detection and emissions monitoring (2021), Nordic Water in water treatment (2021), Autocirc in circular-economy automotive parts (2022) and Aidon and Satel in smart grid and energy metering (both 2023). The firm continues to deploy Fund III across Nordic and DACH industrial cleantech and resource-efficient manufacturing. Detailed buyer names and multiple data available on Pro at €49/month.